Gapping down
In reaction to disappointing earnings/guidance:
- HRB -17.5%, OXM -6%, APPS -4.8%
M&A news:
- T -4.5% (down on understanding that cash-and-stock offer for Time Warner will now go through), CMCSA -4.3% (expected to make aggressive offer to acquire FOX assets), DIS -2.2%
Other news:
- USAC -9.1% (announces pricing of underwritten public offering of 5 mln common units for total gross proceeds to the Selling Unitholder of approximately $81 mln)
- BHF -2.4% (announces secondary stock offering by selling shareholders)
- CIR -0.6% (pricing of public offering of 3,283,424 shares by Colfax Corporation (CFX) at $44.25 per share), .
Analyst comments:
- YELP -3% (downgraded to Sell from Hold at Aegis Capital)
- LRCX -1.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- HSY -1.5% (downgraded to Underperform from Neutral at Credit Suisse)
- AMAT -1.3% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- LX -1% (downgraded to Neutral from Buy at Goldman)
- ORA -1% (downgraded to Neutral from Buy at Guggenheim)
- GHDX -1% (downgraded to Neutral from Buy at Ladenburg Thalmann)
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